Power Metallic Closes on Li-FT Power Land Acquisition
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 14 2025
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Source: PRnewswire
Acquisition Announcement: Power Metallic Mines Inc. has finalized an agreement to acquire 100% interest in 313 mineral claims totaling 167 km² from Li-FT Power Ltd., expanding its land holdings in the Nisk Project Area to approximately 212.86 km², which includes high-grade copper and PGE discoveries.
Financial and Administrative Updates: The company has made a cash payment of $700,000 and issued 6 million shares as part of the acquisition deal, while also appointing MNP LLP as its new auditor to support future growth and potential listings on senior stock exchanges.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
